Unstable Prosperity: How Globalization Made the World Economy More Volatile
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https://www.nber.org/papers/w30832
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资源简介：
The sharp, secular decline in the world real interest rate of the past thirty years suggests that the surge in global demand for financial assets outpaced the growth in their supply. We argue that this phenomenon was driven by: (i) faster growth in emerging markets, (ii) changes in the financial
过去三十年来全球实际利率（real interest rate）的显著长期下降表明，全球金融资产需求的激增速度超过了其供给的增长。我们认为这一现象由以下因素驱动：（i）新兴市场的更快增长；（ii）金融领域的变化
提供机构：
美国国家经济研究局
创建时间：
2023-01-01
